First introduced in 1995, the reference 5020 had a dial and case reminiscent of a 1960s television set, which is why this is sometimes referred to as the Patek TV set watch. It was not a great success for Patek Philippe as collectors were not thrilled with the shape and look of this unexpected watch. As a result, Sotheby’s has estimated that fewer than 300 examples of this reference were produced. Like so many things, this watch has begun to be appreciated only after its time of production has passed.

It isn't difficult to see why the 5020 has fallen back into favor with collectors. The caliber M.27-70/155 inside the watch provides a variety of complications that are coveted by Patek enthusiasts: chronograph, perpetual calendar and the phases of the moon being the biggest among them. Coupled with the enduring details like Breguet hands and a TV shaped case, the 5020 is fetching high dollars at auction for good reason.